Handelsbanken Fonder AB Reduces Stock Holdings in Lucid Group, Inc. $LCID

Handelsbanken Fonder AB cut its position in shares of Lucid Group, Inc. (NASDAQ:LCID) by 88.1% during the third quarter, Holdings Channel.com reports. The firm owned 40,529 shares of the company’s stock after selling 300,771 shares during the quarter. Handelsbanken Fonder AB’s holdings in Lucid Group were worth $964,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of LCID. Johnson & White Wealth Management LLC purchased a new stake in shares of Lucid Group in the 3rd quarter valued at approximately $238,000. Sapient Capital LLC purchased a new stake in shares of Lucid Group during the 3rd quarter valued at approximately $287,000. Valeo Financial Advisors LLC lifted its holdings in Lucid Group by 9.7% in the second quarter. Valeo Financial Advisors LLC now owns 11,926 shares of the company’s stock valued at $25,000 after acquiring an additional 1,055 shares during the last quarter. Cibc World Market Inc. purchased a new position in Lucid Group in the third quarter worth approximately $324,000. Finally, Kingsview Wealth Management LLC acquired a new stake in Lucid Group during the second quarter worth $30,000. 75.17% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Lucid Group

Here are the key news stories impacting Lucid Group this week:

• Positive Sentiment: Operational momentum: Management highlighted accelerating production and faster-than-expected deliveries and Lucid reported strong revenue growth, which improves the path to eventual profitability if execution continues. Lucid Group Earnings Call: Growth Surges, Losses Loom
• Neutral Sentiment: Analyst stance unchanged after workforce cut: RBC kept a Hold rating and $10 target following a announced ~12% workforce reduction — this signals limited analyst optimism but not a harsher downgrade. Analyst Opinion Unchanged for Lucid Group (LCID) After 12% Workforce Layoff
• Neutral Sentiment: Featured in a small-cap roundup: a finance column discussed small-cap risks and watches, mentioning companies like Lucid as examples of high-reward but high-risk smaller firms — useful context but not an immediate catalyst. 1 Small-Cap Stock on Our Watchlist and 2 We Question
• Negative Sentiment: Macro shock driving risk-off in EVs: Geopolitical escalation in the Middle East pushed oil higher and revived inflation/interest-rate worries, prompting selling in luxury EV names including Lucid. This is a near-term demand and valuation headwind. Why Lucid (LCID) Shares Are Falling Today
• Negative Sentiment: Cash burn, weak margins and balance-sheet pressure: Analysts and market pieces highlight persistent negative gross margins, declining equity, large debt and near-term negative free cash flow — all of which keep LCID vulnerable to selling and short interest. Cash Flow Kings: 2 Stocks to Hide In, 1 to Avoid (LCID)
• Negative Sentiment: New coverage is skeptical: Bank of America initiated coverage with an Underperform and a $10 target, signaling limited upside from current levels and adding pressure from institutional views. Bank of America Initiates Coverage (underperform, $10)

Lucid Group Stock Down 4.2%

Shares of NASDAQ:LCID opened at $9.84 on Friday. The firm has a market capitalization of $3.19 billion, a PE ratio of -0.81 and a beta of 1.12. Lucid Group, Inc. has a 1 year low of $9.12 and a 1 year high of $33.70. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.25 and a quick ratio of 0.83. The firm’s 50-day moving average is $10.56 and its two-hundred day moving average is $15.22.

Lucid Group (NASDAQ:LCID) last announced its quarterly earnings data on Tuesday, February 24th. The company reported ($3.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.49) by ($0.59). Lucid Group had a negative net margin of 207.87% and a negative return on equity of 138.82%. The business had revenue of $522.73 million during the quarter, compared to analyst estimates of $473.08 million. During the same quarter last year, the firm posted ($0.22) EPS. The company’s revenue for the quarter was up 122.9% on a year-over-year basis. Analysts predict that Lucid Group, Inc. will post -1.25 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on LCID shares. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $10.00 price target on shares of Lucid Group in a research note on Wednesday, February 25th. Robert W. Baird set a $14.00 target price on shares of Lucid Group in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Lucid Group in a research note on Monday, December 29th. Bank of America began coverage on shares of Lucid Group in a research note on Wednesday. They issued an “underperform” rating and a $10.00 price target on the stock. Finally, Zacks Research cut shares of Lucid Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and four have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $18.50.

About Lucid Group

Lucid Group, Inc is a California-based electric vehicle manufacturer specializing in the design, engineering and production of luxury electric sedans. Its flagship model, the Lucid Air, features a proprietary battery and powertrain architecture that emphasizes energy efficiency, extended driving range and high performance. In addition to passenger vehicles, Lucid offers charging solutions and software-enabled services aimed at optimizing the ownership experience and accelerating adoption of zero-emission transportation.

The company was founded in 2007 under the name Atieva, initially focusing on battery technology and electric powertrains for other automakers before transitioning to its own branded vehicles.